{"id":4492,"date":"2019-02-21T09:22:45","date_gmt":"2019-02-21T14:22:45","guid":{"rendered":"https:\/\/plugpower.local\/?p=4492"},"modified":"2024-04-29T15:33:48","modified_gmt":"2024-04-29T19:33:48","slug":"marsh-participates-in-roundtable-with-congressman-tonko-and-other-capital-region-business-leaders","status":"publish","type":"post","link":"https:\/\/www.plugpower.com\/blog\/marsh-participates-in-roundtable-with-congressman-tonko-and-other-capital-region-business-leaders\/","title":{"rendered":"Marsh Participates in Roundtable with Congressman Tonko and other Capital Region Business Leaders"},"content":{"rendered":"
New York State Congressman Paul Tonko was recently elected Chairman of the House Subcommittee on Environment and Climate Change. On February 20, he convened a roundtable of New York Capital Region business leaders, including Plug Power’s CEO Andy Marsh, to discuss solutions of building a cleaner environment and stronger economy.<\/span><\/p>\n Plug Power innovates with clean hydrogen fuel cell power. But, behind every alternative energy power solution are jobs – well paying, clean tech, green jobs. Plug Power currently employs <\/span>267<\/span> from its Latham, NY headquarters, <\/span>694<\/span> globally. In just the past year, the company has expanded its footprint in New York State – opening manufacturing facilities in Clifton Park, NY and Rochester, NY. In total – these facilities are creating another 180+ jobs. \u00a0<\/span><\/p>\n Why is this important to Congressman Tonko, and the stronger economy he\u2019s looking to create? Three words – <\/span>The Hydrogen Economy<\/b>. The Hydrogen Council\u2019s McKinsey report, <\/span>Hydrogen Scaling Up<\/span><\/a>, has projected that the hydrogen economy could create opportunities for sustainable economic growth. They have mapped a market for hydrogen and hydrogen technologies with revenues of more than $2.5 trillion per year, and jobs for more than 30 million people globally by 2050.<\/span><\/p>\n \u201cMost of the value creation in a hydrogen economy would occur in advanced industries. These industries create more employment and domestic value than the value chains of fossil fuels \u2013 directly, indirectly, and through implied effects. Given current estimates of roughly 12 jobs created directly and indirectly per million dollars of revenues in advanced industries, the hydrogen economy would directly and indirectly employ more than 30 million people. Roughly 15 million additional jobs would be associated with the value added around fuel cells, for instance in the production of vehicles based on the fuel cell powertrain.\u201d ~ Hydrogen Scaling Up<\/span><\/i><\/p>\n The New York State Capital Region has long been known as the \u201cTech Valley\u201d. And for a good reason. Congressman Tonko\u2019s ticket to an even stronger economy lives here.<\/span><\/p>\n <\/p>\n